# YETI trims its outlook as DTC slides; Solo Brands cuts again; Breckenridge finally opens

Canonical URL: https://jeffbrines.com/newswire/2026-11-12-daily/
Author: Outdoor Pulse
Published: 2026-11-12T00:00:00.000Z
Source: Outdoor Pulse Newswire

**Top line:** YETI's Q3 sales rose 4% to $509.4M (adjusted up 6% to $517.9M), short of the roughly $523.6M consensus, and it cut 2026 adjusted sales growth to about 6% from 7–8% and adjusted EPS to $2.90–$2.95 from $2.94–$3.00, citing "a more cautious consumer environment." The split inside the quarter is the story: wholesale grew 19% and international 19%, while DTC fell 6% on weaker U.S. owned e-commerce and Amazon. Lower net tariff costs added 200 basis points to gross margin (57.7% reported, 59.0% adjusted), and adjusted EPS of $0.91 beat by $0.06, but shares fell about 7%. ([YETI](https://www.globenewswire.com/news-release/2026/11/12/3401333/0/en/yeti-reports-third-quarter-2026-results.html), [Investing.com](https://www.investing.com/news/earnings/yeti-shares-slide-7-on-revenue-miss-despite-earnings-beat-5021458))

## Bike

-   **Bike24's Q3 revenue rose 30% to EUR 107.7M**, its first quarter above EUR 100M, with bike revenue up 34% to EUR 23.8M on gravel and road demand and adjusted EBITDA up 14% to EUR 6.1M; it held its 2026 guide of EUR 345–360M revenue, though gross margin remains under pressure. ([Investing.com](https://www.investing.com/news/transcripts/earnings-call-transcript-bike24-q3-2026-revenue-tops-eur-100-million-93CH-5020895))
-   **Bianchi and Bahrain Victorious ended their bike deal after one year**, effective immediately and described as mutual, as Bianchi works through its court-supervised restructuring. ([Cycling Weekly](https://www.cyclingweekly.com/products/more-chinese-bikes-in-pro-cycling-another-new-wheel-size-and-voice-controlled-cycling-computers-tech-of-the-month-november))
-   **Chinese brand Pardus takes over TotalEnergies' WorldTour sponsorship from Cube** in a multi-year deal, making it the second Chinese direct-to-consumer brand in the top-tier peloton after XDS. ([Cycling Weekly](https://www.cyclingweekly.com/products/more-chinese-bikes-in-pro-cycling-another-new-wheel-size-and-voice-controlled-cycling-computers-tech-of-the-month-november))
-   **Pacific Glory Worldwide, owner of Fuji, SE and Tuesday, opened a U.S. office and service center** in Hillsborough Township, New Jersey, added a warranty manager and assigned rep coverage in the Southeast. ([SGB Media](https://sgbonline.com/update/outdoor/))
-   **GoPro delayed its Q3 report**, telling the SEC it hadn't finished close procedures and documentation for the accounting and valuation of financing arrangements made during the quarter. ([Bicycle Retailer](https://www.bicycleretailer.com/industry-news))

## Ski & Snow

-   **Breckenridge opened Wednesday, Nov. 11 on Peak 8**, five days after its original date, and Vail Mountain is still set for Friday, Nov. 13. ([CBS Colorado](https://www.cbsnews.com/colorado/news/breckenridge-ski-area-opens-2026-2027-season-after-delay/))
-   **Utah skier days fell 26.5% last season and skier spending fell 17.8%**, Ski Utah said at its season kickoff; four resorts target Nov. 20, Snowbird and Snowbasin Nov. 27, and Eagle Point won't open this season after the Cottonwood Fire destroyed its lodge. ([Deseret News](https://www.deseret.com/lifestyle/2026/11/11/utah-ski-snowboard-season-opening-day-economic-impact-resort-bus-service/))
-   **Snowstar in Andalusia, Illinois, won't open its ski and snowboard hills this season** after about 40 years; the Harper family is stepping down without a new operator lined up, and only the tubing hill will run. ([KWQC](https://www.kwqc.com/2026/11/10/snowstar-owners-step-down-ski-snowboard-hill-wont-open-this-season/))
-   **Ikon added Wisconsin's Schmitz Brothers resorts to its Bonus Mountain program**, alongside the Deer Valley Base Pass change. ([SAM Magazine](https://www.saminfo.com/ikon-adds-deer-valley-to-base-pass-and-schmitz-brothers-resorts-to-bonus-mountain-program/))
-   **Mountain Hardwear opened its first North American store** on Park City's Main Street, a 1,600-square-foot shop run with Aloha Ski and Snowboard Rentals that includes full-service rentals. ([SGB Media](https://sgbonline.com/update/outdoor/))

## Outdoor

-   **Solo Brands cut its full-year outlook** after Q3 sales fell 17.6% and it posted an adjusted loss of $11.6M across Solo Stove, Chubbies, Isle and Oru Kayak. ([SGB Media](https://sgbonline.com/update/outdoor/))
-   **REI's Susan Viscon, a former chief merchant, will leave at year-end**, and Matthew Thurston becomes chief impact officer on Dec. 1. ([SGB Media](https://sgbonline.com/update/outdoor/))
-   **U.S. retail sales grew 3.6% year over year in October** but only 0.15% from September, the slowest pace in nearly a year, according to the CNBC/NRF Retail Monitor. ([SGB Media](https://sgbonline.com/update/outdoor/))
-   **Reima's Q3 sales and earnings improved** on stronger North American online sales and cost cuts, while store closures in China held back growth. ([Outdoor Industry Compass](https://www.oicompass.com/financial-results/reima-q3-sales-rise-as-profitability-improves/124106.article))

## Upcoming

Vail Mountain opens Nov. 13; Youngone (Scott Sports' parent) is due to file Q3 by mid-November with no confirmed date, and NH Investment expects Scott's operating loss to narrow to about ₩9.5B on revenue of about ₩338B; Epic Pass prices rise after Nov. 15; Merida reports Q3 Nov. 16; Amer Sports reports Nov. 17; the Bicycle Industry Summit runs Nov. 18–20 in Tucson; Utah's first openings are targeted for Nov. 20. Pon hasn't announced a date for any 2026 interim figures.

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_The Outdoor Pulse is published weekday mornings. Weekly deep dives on Mondays._